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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Investment properties
34 Worcester St, Norton, MA 02766-2012
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1828669
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
3,640 SF
Lot
0.28 ac (12,350 SF)
APN
NORT M:26 P:136
UPID
US38-1828669
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$845k
CAP Approach
CAP
$660k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$705k
Owner & transaction history
Honglei Dai · 4 yrs held
Honglei Dai
since 2022
Last sale
$700,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$650,000
+19.5%
Retail stores
$595,000
+10.1%
Office building
$555,000
+2.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$765,000
ML approach
$845,000
CAP Approach
CAP Return
Estimation
6%
$715,000
6.5%
$660,000
7%
$615,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$540,000
Current use
AUTO REPAIR, GARAGE
$650,000
Change: +19% · Conversion: Difficult
RETAIL STORES
$595,000
Change: +10% · Conversion: Easy
OFFICE BUILDING
$555,000
Change: +3% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$555,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$480,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $700k (May 19 2022)
Last sale anchor
$700k
May 19 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$194 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$5,238
Tax year 2022
Assessed value
$404,800
Assessed 2024
Previous assessed
$393,600
+2.8% YoY
Effective rate
1.29%
On assessed value
Assessed land
$152,200
Assessed improvement
$252,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Bathrooms
2
Total area
3,640 SF
Lot
0.28 ac (12,350 SF)
APN
NORT M:26 P:136
UPID
US38-1828669
Jurisdiction
NORTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$540,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
Est. value
$595,000
OFFICE BUILDING
Est. value
$555,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$555,000
WAREHOUSE, STORAGE
Est. value
$480,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Honglei Dai
Individual
Mailing address
59 BELLE AVE, WEST ROXBURY, MA 02132-5036
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2022
$700,000
Honglei Dai
Olde Chartley Po Nt
Quit Claim Arm's Length For Ne States
—
Feb 22, 2007
—
Sierra Dev LLP
—
Deed Of Trust
related
$350,000 · Bank Of Canton
Jun 21, 2006
$215,000
Sierra Dev LLP
Silva-fernandes,rosa
Grant Deed
$172,000 · Bank Of Canton
Oct 4, 2005
—
A Peter Fernandes JR.
—
Deed Of Trust
related
$240,000 · North Easton Savings Bank
May 20, 2002
—
A Peter Fernandes JR.
—
Deed Of Trust
related
$204,000 · North Easton Savings Bank
Dec 6, 2000
—
A Peter Fernandes JR.
—
Deed Of Trust
related
$130,000 · North Easton Savings Bank
Sep 3, 1997
$122,000
A Peter Fernandes
Whbb Real Estate LP
Grant Deed
$100,000 · Bristol County Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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